8 Key KPIs for Auto Dealership Success
Is your auto dealership firing on all cylinders? To build and maintain a successful dealership, use these key performance indicators (KPIs) to guide the way.
5 Ways to Reduce Cost and Time to Turn in your Used Car Service Department
Every additional day a vehicle spends in your service bays costs the dealership. Streamlining this process is one of your best ways to save time and money and sell cars fast. When your dealership buys a used vehicle to resell,…
3 Ways to Create Workflows That Make Turn Times Measurable and Efficient
Workflows help get the most value out of your auto dealership's inventory. Here's how to develop and implement workflows that make your turn time measurable and efficient. Like every auto dealer, a fast, efficient inventory turn time is essential to…
5 Ways to Reduce Cost Erosion on Used Car Inventory
Every day a used car doesn't sell costs money. These 5 ways to reduce vehicle cost erosion are vital to your dealership's ROI. Asset depreciation is an essential concept for used car dealers because it cuts into profit. While you're…
How to Find Your “Sweet Spot” on Inventory Turn Rate
Here's everything you need to know about dealership inventory turn rate — and how to find your turn rate sweet spot. Your dealership probably monitors its inventory closely — and rightfully so. Yet, many dealerships inadvertently miss out on opportunities…
Maximizing Used Car Gross Profits In A Market Where Every $1 Counts Download Our FREE Playbook To Get Started
The used car market is more complex than it has ever been. With new vehicle inventory levels steadily declining and consumers growing more wary of high auto payments and public transportation due to the pandemic, the demand for used cars…
ReconVelocity EVP Kalah McCoy Discusses Why Recon Software Is Essential For Your Dealership
Kalah opens the conversation by talking about how the reconditioning process has come to the forefront as dealerships continue to have record months selling used-vehicles. She says the downtime caused by the pandemic has allowed ReconVelocity to look internally to…
Automotive Recon Operations: Digital Tools & Processes to Transform Your Dealership’s Most Costly Silo
Keeping Recon Departments On The Radar
10 Steps To Transform Your Recon Operation: Turn Your Most Costly Silo Into A Profit Machine!
If your recon team is still using a spreadsheet or whiteboard to track and manage units in reconditioning, it’s time to pull the curtain back on inefficient processes that are cannibalizing gross profits and used car sales.
Giving Up Gross Before the Sale – Calculating Lost Profits in Recon
FREE Calculators & Recon Auditor Download! (Click the links at the bottom) Dealership used car managers are under grueling pressure to find ways to maintain inventory levels while holding onto gross profits. With wholesale prices steadily rising and used car…
Delaying Internal Work Approvals – What It Really Costs When the Dealership Keeps Its Best Customer Waiting
The used car department is the dealership’s best customer. When the dealership is turning used cars at a healthy rate, the parts and service departments account for the lion’s share of profitability and absorb upwards to 100% of the dealership’s…
Download ReconVelocity’s Dealership Reconditioning Playbook
ReconVelocity's Dealership Reconditioning Playbook ReconVelocity's Dealership Reconditioning Playbook outlines specific actions Dealer Principals and Dealership Managers should take to build high velocity, streamlined recon operations and to hold recon teams accountable for specific performance benchmarks, including outside vendors, while working…